RISK-ORIENTED MANAGEMENT AS A COMPONENT OF ENTERPRISE FINANCIAL-ECONOMIC SECURITY

Abstract

Objective. The aim of this research article is to identify methods and tools of risk-oriented management, assess their impact on the financial and economic stability of a company, and develop recommendations for their effective implementation. Methodology. The article conducts an analysis of fundamental risk-oriented management techniques, including risk identification, assessment, mitigation, and risk monitoring. To achieve the stated objective, a combination of theoretical analysis and research based on foreign enterprises was employed. Results. The research results demonstrate that risk-oriented management contributes to reducing the level of financial risks for an enterprise, enhancing its financial stability, and ensuring sustainable development. It was revealed that effective risk-oriented management depends on proper risk identification, the selection of appropriate assessment and management methodologies, as well as continuous monitoring and adjustment of management strategies. Scientific novelty. The scientific novelty of this article lies in the development of a comprehensive approach to risk-oriented management, which integrates theoretical aspects with practical research. Additionally, recommendations are provided for enterprises to successfully implement risk-oriented management, adding practical value to the study. Practical significance. The practical significance of this article lies in providing specific recommendations to enterprises for the implementation of risk-oriented management. The application of the developed techniques and tools will enable enterprises to more effectively identify, assess, and manage risks, positively impacting their financial stability and competitiveness. Moreover, the article can be beneficial for researchers interested in the issues of risk-oriented management and financial-economic security.